Limited Safety Net

Limited Safety Net

A social safety net that assists a narrower range of persons than other social safety nets. For example, a limited safety net may only provide nutritional assistance to children and not to impoverished adults. Proponents of limited safety nets argue that safety nets drag on an economy and that restricting eligibility spurs job creation and innovation. Critics maintain that limiting the safety net harms the most vulnerable members of society.

It doesn't completely replace workers compensation but it does provide a limited safety net that provides 85 per cent of lost weekly wages, death and disability insurance of up to $100,000 and rehabilitation expenses up to $300,000.

The income provided by welfare benefits is a limited safety net for those who have little choice about the situation they find themselves in, it is not a feather bed being 'chosen' by people who have simply decided to opt-out of work.

The measure of distance to safety net providers is limited in that it is not a measure of overall safety net capacity and does not directly distinguish between uninsured people living close to a relatively limited safety net versus those living close to an extensive safety net with multiple providers, nor does it directly measure differences in travel times.

On the editorial page of The Wall Street Journal, Irving Kristol recently posited a dichotomy between the good "masculine" welfare state (a limited safety net for the needy and the down-on-their-luck) and the bad "feminine-maternalistic" kind (an ever-expanding blob of indiscriminate "compassion" toward anyone who claims to be suffering).

Bank regulatory policy promoted privatization, financial liberalization, free entry, and limited safety net support, and it established a novel mix of regulatory and market discipline to ensure stable growth of the banking system during the liberalization process.

It can't completely replace workers compensation but it does provide members with a limited safety net that provides 85% of lost weekly wages, death and disability insurance up to $100,000 and rehabilitation expenses.

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